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Emotional Work Finance

Day 824 and Ego Loss Aversion

One of my favorite cognitive biases is loss aversion.

The pain of losing is psychologically twice as powerful as the pleasure of gaining. The loss felt from money, or any other valuable object, can feel worse than gaining that same thing.

The Decision Lab

Isn’t it wild how much we hate loss? The pain of losing $100 is worse than the joy of finding $100. In behavioral economics “loss aversion refers to a phenomenon where a real or potential loss is perceived by individuals as psychologically or emotionally more severe than an equivalent gain.” I guess we don’t like to win as much as we hate to lose.

But we have to train ourselves to tolerate losses. Otherwise you’d never play a sport of any kind. And you’d be an absolutely terrible investor of money. So it’s clearly possible for some of us in some situations to get over loss aversion as we have professional athletes and money making fund managers.

But what if we have to address loss aversion in our own ego? How much do we hate to lose a part of ourselves? What if we stand to gain something significant by letting go a part of ourselves. I don’t think we can always predict where in our own sense of identity our ego will fight against loss.

They say the therapeutic process is just mirrors. You have no real sense of what anyone sees except as a reflection. Everything else is just our faulty sensory equipment. And imagine what a colossal fuck up you could make by ignoring what the mirror says and only relying on the faulty sensory data from your ego.

Stew on that a little bit and decide how much you really want to win and get back to me. Could be you need to see how much you hate to lose before you can see what you stand to gain.

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Emotional Work

Day 823 and Non Attachment

Have you ever read a piece of literature and seen a character described as “a man of great passions?” I feel like it used to be much more acceptable to discuss appetites and the grasping griping hand of man. Perhaps this mentality passed just as Bejamin Disraeli did, unto another era of fallen archetypes. Now we are civilized men with passions well in hand.

Man is only truly great when he acts from his passions.

Bejamin Disraeli

I was raised in a family that meditated. We went to ashrams. We had family vacations in silent retreat. We settled in Boulder where Naropa is as much a part of the institutional fabric of the town as your typical church.

Non-attachment was a concept that was familiar to me long before I felt I had any secure attachment style of my own. I’ve written about my recurring nightmare of packing for a trip or a move. Non-attachment may even be my style of attachment. I am fearful avoidant for anyone keeping score.

Being in chronic pain has been a gift for deepening my understanding of non-attachment. In order to survive pain, you remind yourself it will pass. But accepting that knowledge is a double edge sword. You accept that your joy and happiness is also passing. And you are offered a choice to grasp at them with mean jealously or to hold them as lightly as you would hold your agonies.

Non attachment isn’t just practiced on the negatives in your life. It’s an equal opportunity philosophy. The money you have. The things you own. The beauty you possess. All are fleeting. They are rare intangible things we must value as both priceless and worthless in equal measure.

I believe we can act in greatness in our passion, even if, or maybe especially if, we practice non attachment. I am both saved and damned. I am powerful and meek. I am a woman of great passions and I am capable of separating myself from them as reality dictates.

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Chronic Disease

Day 812 and Stress

My internet experience recently has shown me some touchy people. Maybe it’s the stress of the global banking crisis. Or the random panics about Bitcoin. Or the AI panic. Or presidential perk walks. Or extreme weather. Or rising tensions with China. Maybe someone got the wrong coffee order.

Or maybe, in my case, I’m snippy and touchy because I’m having a terrible flair up of my ankylosis. I forgot what a challenge pain can be to manage. Then it comes roaring back after a period of intense stress and I forgot myself.

I’m just noting it for today as I’ve been working nonstop. I’ve had houseguests without fail for three straight weeks (five in total) for reasons mostly personal but occasionally with professional overlap. It’s just been a bit.

So no elaborate intellectual ramblings today or extremely online rabbit holes. It’s just a check in to say I’m not quite dead yet.

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Politics

Day 811 and Hierarchy

I came across an interesting bit of reading on the relative stability of hierarchies of violence today. It’s a tidbit on a Substack so epistemic status is that I learned something and I’m thinking a lot about trust as we live through various crisis points in real time on networked media.

The article that starts with prison gangs and the weight of violent action on bosses and gets deep on hierarchical stability and selection pressures. I really do recommend the reading as it gets into Scottish kings, American federal bureaucracy, and military service academies.

I’m working on improving my theory of organizational structure because somehow I am one of the louder “thinks in public” about corporate governance and decentralized autonomous organization. It’s a bit of an accident as I am just very interested in how collectives organize resources at different scales.

Some of investing thesis surrounds a nexus of how we organize decentralized power when centralized powers wish us your in-group to be illegal or killed. It’s a salient question for all of us in an age of institutional failure and I’m keen to learn more about what works in the most adverse situations.

Skarbek might call this market competition for governance, an Italian futurist might say “War is the hygiene of the world”, a musician might say a rolling stone gathers no moss, a survivalist that the quickest stream is the freshest…But the phenomenon remains. the devil reigns in hell… because where else are you going to go

I’m a doomer but only because I’m keen to head off going to hell. I’d like to avoid us having to return to a Hobbesian war of all against all just because we’ve gotten a little tired of liberalism because it allows for out-groups to live and let live. So putting it out there that functional systems can be stable and maybe stability isn’t our only goal.

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Chronic Disease Travel

Day 791 and Bathing Suits I’ve Never Worn

I’m on maybe my third or fourth trip to a warmer climate where I’ve brought a Norma Kamali bathing suit. I bought it on sale from Net-Porter as I’d always wanted one of her classic one pieces. I’ve never worn it.

For the casual reader, I have a chronic autoimmune disease called ankylosing spondylitis. It’s an inflammation condition that affects my spine and is aggravated by heat & humidity. Any temperature above above room temperature, give or take 72 depending on the humidity, starts to swell my tissues.

It’s well controlled with drugs but environmental factors can quickly spin up a bevy of symptoms including pain so debilitating I can’t walk. It’s one of the reasons we moved to Montana. I can live a semi-normal life so long as it’s cold. I spend most of my days laying flat in bed or in a zero gravity chair. My disability has become one of the super powers I use to propel my investing alpha. Because what else do you do with your time if you can’t leave bed except monitor financial indicators and chat with founders?

But back to the bathing suit. The black halter swimsuit has turned out to be entirely an aspirational garment. It’s still got the sanitary sticker for the crotch on it that says remove before wearing. I left it in and it’s become the not so subtle reminder that I may never enjoy a beach vacation again. It’s simply beyond my grasp unless I want to pay an obscenely high cost in pain and immobility.

I dutifully pack the Norma Kamali suit on each trip with a warmer climate. I’ve taken it to Miami, Texas, the Mediterranean and Mexico now. For this trip to Puerto Vallarta I packed a second bathing suit. It’s a striped bikini.

I had a fantasy that maybe I’d need a second swim suit as the other would need to dry if I swam every day. Oh what self deception we humans are capable of when it involves something we cannot have but want. I’ve never put the second suit on either. It also has the sanitary sticker still on it. It’s beginning to feel like they taunt me. Isn’t it funny that Julie still yearns to participate in the simple pleasures of life. “That dumb cunt” I imagine them murmuring as I pack.

My father loves tropical vacations. An adults only resort on a beach is his idea of a good time. And for his birthday, my brother and I very much wanted to give him what he wanted. Part of this is self protection as he often forgets to ask after other people’s preferences even if they are for something serious like a disease or disability. Better to avoid disappointment than know for sure. But also if we can give him what he wants why not make the sacrifice? It’s expensive for me energetically but I wanted to spend.

But it’s become clear I can’t make the sacrifices desired for the perfect fantasy family vacation. The bathing suit gets tossed in the suitcase with the knowledge that I can only manage one event outside each day. It’s usually a dinner or a chat.

Then I must sleep it off and work to recover. There is no space for pleasant relaxation on the beach in my body. The compressed Lycra slowly battling the expansion of my tissues as they swell overlapping with stuck lymphatic liquids would be torture. There is no joy to be found and no extra capacity to be eked out that might make the experience mimic the pleasure in a healthy body.

The fantasy is just that. A delusion I have about a life a lost and unlikely to be regained. The after effects of fertility treatments, IVF and living hard to outrun the vicissitudes of capitalism. I’ve accepted it as my lot in life. But it’s much harder to get it across to the rest of the world. And my fear that I’ll be left out and forgotten, that if I don’t fit myself into someone else’s life I’ll be abandoned. And so I rationalize that I’d be abandoned if I don’t at least try to bring the bathing suit. Even though going to the beach is a fantasy.

I hope my friends and family are able to meet me half way but I remain afraid that they don’t know how, or are unable to imagine what it’s like to live in my body. And it would be nice to be met halfway.

Categories
Biohacking Chronic Disease Travel

Day 789 and Types of Poverty

As you’ve probably seen articulated in thought leader tweet streams and thot-leader Medium posts, there are different kinds of millionaires. If you are young you are a time millionaire. If you are able bodied and healthy you are an energy millionaire.

I am in energy poverty. I carefully ration my attention & time and use lots of time-economic craft like asynchronous communication like emails and direct messages. Like a thrifty person with a budget I am always cutting the various coupons of time in my life to cobble together enough time to work full time so that no one can tell I’m energy poor.

It’s pretty common for folks to be in energy poverty. Maybe you are a parent. Maybe you are a care giver for an elderly parent. Maybe both. The most common is of course being disabled and requiring care. I am in that category.

I’ve turned my energy poverty into my super power. I am like Mr World monitoring feeds across the globe laying back and ingesting information & taking small minute actions to adjust my plans. I’ve adjust my career to fit this reality and find it to be an excellent fit for investing as it’s all about finding the alpha and acting on it.

I do telegraph that I’m in this situation. That my mind is sharp but my body is weak. I accept 2-3 events a week at maximum that require me to be up, about, in makeup and battle regalia (business dress) and the rest is dedicated to recovering.

I’ve never had hobbies that couldn’t be done from bed. The last time I participated in a sport was in my twenties before my latest flare. I’ve not had a social life independent from work for decades. It’s isolating and I remain perpetually afraid of losing people who aren’t in the same situation of energy poverty as I am.

Capacity can be drained further by negative conditions like heat, humidity or bright light. I am the type of disabled person that finds showering to be a huge drain so typically include those in my energy budgets as drains. Travel requires 24-48 hours of minimum recovery time which is why I tend only do month long stays places. You may have noticed I go cold places like Prague or Frankfurt and I live in Montana. That’s based on doctor recommendations.

Certain types of travel can’t be done without significant outlays of energy budget that will leave me in deficit for weeks. Beach vacations have long ago been lost but I can manage a tropical location so long as I stay entirely inside in an air conditioned room. Don’t worry laying on the beach isn’t fun for me so I’m not missing anything. Heat & salt water humidity is the fastest way for my body to begin an inflammation cycle.

I’m in Puerto Vallarta for my father’s birthday and the best I can manage is stay in my room all day and a dinner every other night. It’s a little confusing for folks who aren’t in energy poverty to fully grasp the concept but I feel no more frustrated with my situation than I would if I had financial poverty. Sometimes it’s just the situation and your budgets have hard limits. I’ll make an effort and spend 2 weeks of an energy on a long weekend for someone I love but it does cost me. Everything costs something.

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Emotional Work

Day 788 and Duty

I wrote about six thousand words this morning at 5am about seeing your family for who they are and asking that they see you in return. I don’t think I can publish any of it even though it is a very raw piece of writing.

Today is my father’s 80th Birthday. He’s a rare early Boomer from the Silent Generation and he had me later in life with his second wife my mother.

I’ve got a lot of feelings about our relationship. I love my father. Like all of us, he has committed many sins, some of them against me. I have committed many sins against him. We are bound by an elaborate set piece of inter-generational trauma that has shaped us for good and ill.

I am bound by my familial duty to respect and honor the sacrifices he made. I am here to celebrate his life. But my feelings on it are more than I could articulate today and believe me I have tried.

It is my most solemn wish for his birthday that he finds forgiveness for himself as he did absolutely everything he could and I’ll forever be grateful that I was given these rare gifts.

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Chronic Disease Travel

Day 786 and Snow Birds

I woke up at 5am this morning to begin my journey from Bozeman to Puerto Vallarta. My father’s 80th birthday celebration is taking place in the appropriately warm tropical conditions so favored by retired snow birds. And it’s his party so he gets to chose his favorite location for us to gather to celebrate him.

Both my father and I live in Montana, but he tends to prefer travel more than me by a wide margin. I travel mostly for work and family obligations. I don’t find travel to be fun or an enjoyable luxury. Vacations aren’t my thing. Especially when it involves travel to somewhere hot. I would have been happy to celebrate in the -20 in Glacier personally.

Most of dislike of travel comes down to not caring for hot weather because of how much it hurts my body. It makes my spine swell. Humidity and heat are my enemy. I live in Montana partially for health reasons as anything above about 75 kicks in some of my inflammation issues.

Add in the additional strain on the spine of sitting in uncomfortable seats for hours and I’m currently struggling mightily not to wail uncontrollably from the pain. I desperately want to lay flat to ease some of the tension that has built up from needing to hold my body still and upright in uncomfortable airplane seats. I don’t want anyone to see that I’m barely holding back tears because the pain is so bad.

Alex got tisked by the flight attendant for trying to retrieve some of medication as we’ve got one of those useless bulkhead seats. It’s a terrible choice for even a modest disability as all the things that keep me functional in my travel bag were immediately whisked into overhead compartments. We didn’t do it fast enough and the attendant hovered asking that we hurry it up.

I haven’t done short haul flights in a while as most of my travel has been flat lay seats on international overnights. I wasn’t prepared for how much sitting up in a tight domestic airline seat would hurt. All I want to do is lay flat on a bed for 24 hours after this.

I’m on an airplane packed to the gills with Lily Pulitzer knock off wearing Boomer blondes and their salmon shirt wearing deeply tanned husbands. They all seem cheerful and excited to be headed to Mexico. Snowbirds are a colorful species. An exotic and hopefully endangered species that will eventually give way to more local and regional appreciation as the next generation of travelers pursues less Jimmy Buffet stylings.

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Emotional Work

Day 772 and Spoiled

For as much as I write about pain, both emotional and physical, so much of my life is saturated with joy.

I was asked this week “when will you accept that you are happy” and I was thrilled to find myself blurting out in agreement “It’s true I am so happy.”

Crawling your way back from a life event that gave you ego death is no easy journey. You either accept that you are responsible for yourself or you don’t. And really bad shit happening to us like illness or divorce or death loss tend to be deeply clarifying.

I feel so spoiled by the life that my choices have given me. For all the mistakes I made, and they are numerous, I on balance made the right calls. I have never felt more loved in life than I do right now. I’ve got what I need and I felt brave enough to go after what I wanted.

I’m surrounded by people who care about me for me. And it’s such a luxurious feeling to be given the space to be yourself. It’s even better when being yourself is the thing that everyone loves.

A Friday night surf and turf feast with filet and crab.

I spent so much of my life fitting myself to my circumstances. And now here I am stretching out to become more of myself and I find myself rewarded for it. Last night my husband and a dear girlfriend made a magnificent surf and turf dinner. Just a restaurant quality meal made by my loved ones at my own home in Montana. And then we all watched one of my favorite movies Margin Call

Crab with lemon & parsley
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Emotional Work

Day 770 and Worst Month

I beginning understand why February is considered the worst month. I don’t want to be misconstrued here as I love winter. I’ve been absolutely loving my snowy, sunny Montana winter. But a bunch of shit is going absolutely tits up wrong for people I love.

But like the viral video says, February is an honest month. Grandmothers end up in the hospital every day. Dogs get old and get put dow. The the circle of life happens every day. Jobs are lost and bills go unpaid every day. If they happen in July or over Christmas, we bemoan the bad timing. Layoffs at Christmas we say with horror! I guess February is better in some minds for bad news.

Maybe we need to come to terms with the fact that bad shit happens all the time. When it overlaps with something happy, like a holiday, we’d be upset that our holidays are ruined. And yet if they don’t overlap with anything nice we are sad that life is too bleak. What moments of cheer have we to enjoy in February but candy hearts and the Super Bowl?

The part of me in therapy is reminded that it’s me who decides when I’m a victim of a circumstance. Bad things are as common as good. It’s cold truth of life has always been that it’s filled with the greatest joy and love and the price for those things is the deepest pain. Nothing in this life is free.